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An extensive list of coronavirus resources for low-income households can be found here.

The Village on Hill Street

2404 Hill St, Raleigh, North Carolina 27604

The Village on Hill Street offers newly renovated 2 and 3 bedroom apartments tucked away in a peaceful and beautiful part of Raleigh. Upgrade your lifestyle with convenience, spacious floor plans, and a new city park just steps outside your front door. Rent includes water, sewer and sanitation. Stop by and visit our leasing specialist to reserve your apartment home today. The office is open from 8:00 a.m. to 6:00 pm on Tuesday and Thursdays. Other days by appointment.

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedrooms (2/1) 873 From $855 To $935
Three Bedrooms (3/2) 1033 From $985 To $1,085

The Village on Hill Street Details

  • 48 two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • 24hr Emergency Maintenance
  • On-Site Management
  • Online Payments Accepted
  • Walking Trails
  • On-Site Maintenance
  • Smoke Free
  • Pet Friendly
  • Laundry Facility

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer Hookup
  • Cable Ready
  • Patio, Deck Or Balcony
  • Refrigerator
  • Extra Storage

Office Hours

Day Hours
Monday 9:00am-6:00pm
Thursday 9:00am-6:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Raleigh Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Raleigh but actual income limits may differ for units at The Village on Hill Street.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
Low Income (60%) $38,940 $44,520 $50,100 $55,620 $60,120 $64,560 $69,000 $73,440

The Village on Hill Street was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Image of The Village on Hill Street
Image of The Village on Hill Street

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